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MetaDAO Proposal 1: Develop LST Vote Market
Status: Passed Category: Product Strategy Date: 2024
Overview
First product-building proposal under Meta-DAO umbrella, framed as legitimacy-building strategy through profit-turning products.
Proposal
Develop an LST bribe platform allowing MNDE and mSOL holders to earn extra yield by directing their stake to validators who pay them. A bribe market already existed, but this proposal aimed to build Meta-DAO's own implementation.
Strategic Context
"Given that the Meta-DAO is a fundamentally new kind of organization, it lacks legitimacy. To gain legitimacy, we need to first prove that the model works. I believe that the best way to do that is by building profit-turning products under the Meta-DAO umbrella."
This represents Meta-DAO's explicit strategy of establishing legitimacy through demonstrated product success rather than governance innovation alone.
Outcome
Proposal passed through futarchy vote mechanism.